TORONTO — Nordstrom Inc. announced Thursday it is Poinbank Exchangeclosing all of its Canadian stores and cutting 2,500 jobs as it winds down operations in the country.
The Seattle-based retailer has six Nordstrom and seven Nordstrom Rack stores in Canada, which will be shuttered by late June.
Its e-commerce business will cease operations Thursday.
Nordstrom chief executive Erik Nordstrom said the company is exiting Canada because it does not see a realistic path to profitability for the business in the country.
The wind down is being done through an order obtained by the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act.
Nordstrom first announced plans to expand to Canada in 2012 and opened its first store in Calgary at CF Chinook Centre in September 2014.
2025-05-01 03:531864 view
2025-05-01 03:52988 view
2025-05-01 03:211012 view
2025-05-01 03:091200 view
2025-05-01 02:352891 view
2025-05-01 02:141517 view
Federal authorities announced hackers in China have stolen "customer call records data" of an unknow
Imagine if this happened to you. Your spouse dies and a few weeks after the funeral, you get a messa
Lawyers representing Bryan Kohberger, the suspect in the killing of four University of Idaho student
